Home Residential PropertyBuy-To-Let Company buy to let rates reduced at Aldermore

Company buy to let rates reduced at Aldermore

by LLP Reporter
23rd Sep 19 2:32 pm

Aldermore has announced that they have reduced rates across their company buy-to-let remortgage and company multi property purchase and remortgage products by 0.3%.

According to the lender, five-year fixed rate company buy-to-let remortgage products are now available from 3.98% up to 75% LTV and 4.58% up to 80% LTV.

Multi property purchase and remortgage highlights include a five-year fixed rate at 3.78% up to 75% LTV or 4.38% up to 80% LTV.

Damian Thompson, director of mortgages at Aldermore said, “We are pleased to announce our latest commitment to supporting landlord customers, as the Private Rented Sector plays a pivotal role in the UK housing market. Buy-to-let activity has stabilised in recent years as the sector has settled after a number of regulatory changes, and many landlords are now looking at how they can manage their portfolios in the future.

“According to the latest BDRC data, over seven in ten landlords intend to fund their next portfolio purchase with a buy-to-let mortgage, so at Aldermore we want to make sure we are providing products that align with landlords’ needs. Our human approach to lending enables us to consider each application on individual merits, which gives us an opportunity to help as many people as we can with their borrowing needs.”

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